DNO swaps Norwegian shelf assets with Equinor to boost production
Norwegian oil and gas operator DNO has agreed a non-cash asset swap with Equinor Energy involving several oil and gas interests on the Norwegian Continental Shelf. Under the arrangement, DNO will hand over its stakes in four discoveries – Røver, Mistral, Tyrihans East and Bergknapp – and the Sjørøver exploration licence to Equinor. In return, DNO will purchase a 19% stake in the Atlantis discovery and a 10% stake in the Afrodite discovery, both of which are located near the Kvitebjørn field in the north ...